Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Hexah]

What feels like to be a HODLER during your first bear market: https://www.youtube.com/watch?v=dLBJA8SlH2w

WARNING: This content may be disturbing to some crypto audiences.

Feels like a red candle on deep diving. That was not nice for a noob on gliding but that's only for the first time, you'll learn on the process just like being a trader.

[Paashaas]

The Dutch East India Company was the largest company in history. Also the first company trading stocks at the Amsterdam stock exchange.

The company was as large as 20 of our largest companies combined, it was as large as the GDP of Germany and Japan together.

Amazing achievement from this tiny country.

[bitserve]

Should we expect an SV pump during Coingeek conference? Might be a good time to do some more dumping if you still got some.

It's funny how CSW is continually bashing the whole HODL mentality... while claiming to be the guy that has hodl over 1 million Bitcoin since the very beginning. Will probably watch his speech just for the lulz.

[Toxic2040]

Oh my

Did we just flip back onto trend line 2?

-snip img-

Hey wait a minute...   I dont have one of those...I feel like I have missed out for some unexplained reason. /s


Looking for support at the 0.382 fib. Tenken Sen and Kijun Sen crossing would be fairly bullish on the 4h chart.
4h



-edit-

 Just touching resistance now @$4.294k

[Arriemoller]

Britain Elwar rules the waves

Britcucks BTFO

https://www.youtube.com/watch?v=E53mX2SwsG4

[bitserve]

And now, what did an experienced highly leveraged trader felt like while shorting from the last ATH to the bottom: https://www.youtube.com/watch?v=m2gwFkCU1Q4

Spoiler: It isn't easy either.

[Wilhelm]

The Dutch East India Company was the largest company in history. Also the first company trading stocks at the Amsterdam stock exchange.

The company was as large as 20 of our largest companies combined, it was as large as the GDP of Germany and Japan together.

Amazing achievement from this tiny country.

We weren’t tiny then
Holland colonized a lot. Surinam, Indonesia, Ceylon, South-Africa, etc.
We even sold you New Amsterdam which you now call New York...

[Toxic2040]

Sideways it is...for now.

1h



This image goes with some text I put in a previous post..go figure.

D big picture




Good night all.

Peace.

[Biodom]

The Dutch East India Company was the largest company in history. Also the first company trading stocks at the Amsterdam stock exchange.

The company was as large as 20 of our largest companies combined, it was as large as the GDP of Germany and Japan together.

Amazing achievement from this tiny country.

I am sorry, but it makes no sense.

Dutch east india company profits were:
https://en.wikipedia.org/wiki/Dutch_East_India_Company

"the long-term average annual profit in the VOC's 1630–70 'Golden Age' was 2.1 million guilders, of which just under half was distributed as dividends and the remainder reinvested. The long-term average annual profit in the 'Expansion Age' (1680–1730) was 2.0 million guilders, of which three-quarters was distributed as dividend and one-quarter reinvested. In the earlier period, profits averaged 18 percent of total revenues; in the latter period, 10 percent. The annual return of invested capital in the earlier period stood at approximately 6 percent; in the latter period, 3.4 percent."

According to the following 1 guilder was either about $12-15 or $100 (or, maybe, fluctuated between these two with $12-15 being more reliable (later) number.
https://lensonleeuwenhoek.net/content/what-was-guilder-worth

Therefore, 2.1 mil guilders yearly profit is just $32-210 mil in CURRENT buying power.
NO way $32-210 mil in profit can get you ANYTHING close to trillions that you quoted, unless something is wrong with value calculation.
Besides, the population of earth was just 500mil back than. Not enough people to get to the valuation that high.

TL;DR this valuation is a MYTH.

[goldkingcoiner]

What feels like to be a HODLER during your first bear market: https://www.youtube.com/watch?v=dLBJA8SlH2w

WARNING: This content may be disturbing to some crypto audiences.

Jesus. Why doesn't the second guy get a safety harness attached? Slipped everyone's minds?

People on the ground: "is it raining"?

[bitebits]

Looks like we have dropped off the second line of support.  On the downside, next support is around $4063 - 4092 (weak).

TA at these pricess makes little sense to me (but appreciated HM, it gets me through these days). What do you try to achieve, buy even cheaper bitcoins?

There is one thing I learned over the years: it does not matter what your cost average is, it matters how many bitcoins you managed to hamster. The downside got limited (-50% max?) while the upside is limitless. Bitcoin moves fast when it does and you risk holding the fiat bag while trying to get even cheaper bitcoins.

So start working your ass of and just buy those sub $5K bitcoins; at least I will and you can’t have any when we again will panic in the other direction. You can thank (or curse!) me in a few years time

[bitserve]

What feels like to be a HODLER during your first bear market: https://www.youtube.com/watch?v=dLBJA8SlH2w

WARNING: This content may be disturbing to some crypto audiences.

Jesus. Doesn't the second guy get a safety harness or anything?

Yup, he's wearing it... it's just that the pilot somehow forgot to attach the noob harness to the glider frame during the preflight check. Anyway... impressive hodling powah, ain't it?

HOdl for Dear Life gets into the next level.

[Phil_S]

So what now? ... dead again?

 

[Totscha]

So what now? ... dead again?

 

Guess it's time to update the Bitcoin obituaries...

[Ibian]

Inspiration struck again this morning. The muslims have this term, Taqiya. The basic idea is that it's ok to lie as long as it promotes the spread of Islam.

One of the differences between K's and r's is that K's are more honest. Cultural pressure over generational periods can result in genetic and behavioral changes in a population, so insofar as lies and honesty are a function of the size of the amygdala, it is possible that Islam has pushed the muslim populations of the world towards more r-based behavior compared to what they could have been, or possibly even compared to what they once were (for example in ancient mesopotamia, the area we today call the middle east).

Thoughts?

[Totscha]

Inspiration struck again this morning. The muslims have this term, Taqiya. The basic idea is that it ok to lie as long as it promotes the spread of Islam.

One of the differences between K's and r's is that K's are more honest. Cultural pressure over generational periods can result in genetic and behavioral changes in a population, so insofar as lies and honesty are a function of the size of the amygdala, it is possible that Islam has pushed the muslim populations of the world towards more r-based behavior compared to what they could have been, or possibly even compared to what they once were (for example in ancient mesopotatia, the area we today call the middle east).

Thoughts?

I'll leave this one for roach...

[makrospex]

You born in the states and are against migration?
You wouldn't even exist if there was none (except you're 100% native).
So ask again: are you a moron or not?  

Whoops sorry, I meant in regard to the migration politics of refugees in Europe. Its basically a political virtue signaling shitfest that doesn't really help anyone but a precious lucky few... And if anything, it makes things worse for the country they came from. I also have issues with the H-1B Visa for example. Its a Braindrain and countries that are already in poverty need their geniuses, engineers, doctors and scientists... Certain migration politics make no sense.>>> https://www.youtube.com/watch?v=LPjzfGChGlE

Sry, mate.
I'm actually from a (german) neighbour country, and yes, imho politics are still failing in this regard.
It's also the history that kept german from taking appropiate measures. They can't afford to not welcome any refugees. This inherited guilt from the 1940's is still strong.

You born in the states and are against migration?
You wouldn't even exist if there was none (except you're 100% native).
So ask again: are you a moron or not?  

Against non-white migration*

Don't be a roach.

wtf, rafandal  

[Elwar]

Ironically, it was Deutsche Bank that called the police claiming I was money laundering.

This is certainly well deserved.

Karma bitches.

[Last of the V8s]

Time to bury Deutsche Bank.

[Globb0]

"state protected"